USA: Danone to sell Stonyfield as part of White Wave deal
France-based dairy and drinks multinational Danone will sell off its organic yoghurt business Stonyfield to facilitate the $10.4 billion acquisition of organic food producer WhiteWave Foods, according to a report in FoodBev The move to sell Stonyfield came after US anti-trust authorities are believed to have raised concerns about Danone’s future share of the organic […]
USA: WhiteWave Foods acquires Wallaby and Vega
The dairy producer WhiteWave Food has agreed to purchase Wallaby, a manufacturer of organic dairy yoghurt , for approximately $125 million. The deal, subject to regulatory approval, is expected to be completed in the third quarter of the year. The acquisition of the California-based Wallaby will provide WhiteWave with a larger portfolio of yoghurt and […]